Kalyani Strategic Systems' subsidiary, Agneyastra Energetics Ltd, has commenced construction of a Rs 1,500-crore defence manufacturing facility in Andhra Pradesh, aiming to enhance India's indigenous defence capabilities and generate employment.
This is seen as the first concrete opportunity to break HAL's monopoly in combat aircraft manufacturing, potentially opening the door to a private-sector fighter jet producer.
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
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